Name: Economist Called 1987 Crash, Issues Dire Warning For 'Danger Zone' | Mark Skousen
Uploaded: 2025-06-08T01:01:34+00:00
Duration: 2856 s

Speakers

Mark Skousen — Founder & Editor, The Skousen Report

Summary

Mark Skousen discusses the market and economic risks from Trump's tariffs, arguing they are a self-inflicted stagflationary shock. He remains fully invested in the stock market but warns that policy uncertainty can pause the bull market, while favoring gold and gold miners as crisis hedges and holding Bitcoin as a tech-linked inflation hedge. He also warns about dollar weakness, Treasury market fragility, and a weak B2B/gross-output backdrop.

Skousen compares today's overvalued market with 1987 but does not predict a crash.
He sees tariffs causing stagflation and a business recession in B2B/gross output.
He is fully invested but says policy uncertainty can pause the bull market.
He prefers gold as a crisis hedge and recommends GLD; he now favors gold miners, especially Kinross.
Bitcoin is held as an inflation hedge but not a crisis hedge, and is linked to tech.
He recommends a blockchain ETF and warns of dollar weakness and Treasury-market cracks.
He comments on Fed policy, debt rollover risks, and Benjamin Franklin/FreedomFest.

Ideas

Mark Skousen Founder & Editor, The Skousen Report 3:43

Tech overvalued; tariff rollback could rally.

Technology is the euphoric, overvalued part of the market and could fall by half and still be expensive; however, if Trump backs off tariffs, tech could have another run and Bitcoin would likely follow.

Mark Skousen Founder & Editor, The Skousen Report 6:45

Fully invested; bull market still intact.

Skousen says he is fully invested and the bull market remains in place, with no 1987-style crash likely because circuit breakers and the plunge protection team can intervene; however, tariffs and policy uncertainty have paused the bull market, and a bear market could begin if government policy turns negative.

Mark Skousen Founder & Editor, The Skousen Report 13:16

Treasury market fragile; watch $9T rollover.

Skousen warns of cracks in the Treasury bond market, with rising yields alongside a falling dollar and a need to roll over about $9 trillion this year; attracting enough global investors may be difficult, creating a fragile, Lehman-like risk setup.

Mark Skousen Founder & Editor, The Skousen Report 13:38

Dollar losing value on trade-war faith loss.

The dollar is losing value even as Treasury yields rise, breaking their normal relationship; Skousen sees this as a dangerous loss of faith in the dollar driven mainly by the trade war, making a bearish dollar stance attractive.

Mark Skousen Founder & Editor, The Skousen Report 14:20

Gold is ultimate crisis hedge.

Gold is the ultimate crisis hedge and a safer, more traditional protection than Bitcoin when the dollar is losing value and stagflation risks are rising; Skousen recommends gold via GLD, though he now sees more near-term opportunity in miners than in bullion.

Mark Skousen Founder & Editor, The Skousen Report 15:43

Bitcoin is tech-linked inflation hedge.

Bitcoin is in Skousen's portfolio and can serve as an inflation hedge, but not a crisis hedge; it trades like a technology asset, so if Trump backs off tariffs and tech rallies, Bitcoin could go with it and has better near-term potential than gold, though this is contingent on geopolitics.

Mark Skousen Founder & Editor, The Skousen Report 16:29

Blockchain ETF recommended for tech exposure.

Skousen's newsletter recommends a blockchain ETF (Amplify Transformational Data Fund ETF, ticker BLOK) as a way to gain exposure to blockchain technology, which is tied to the technology sector and could benefit if tech stocks run.

Mark Skousen Founder & Editor, The Skousen Report 16:52

Kinross is best major gold miner.

Kinross Gold is Skousen's preferred major gold company: it is a top-10 producer in the U.S. and Canada, has some of the highest profit margins, is expanding production while controlling costs, is well diversified away from high-risk countries, and its performance has been hard to beat.

Mark Skousen Founder & Editor, The Skousen Report 19:38

Miners now better than gold.

Gold miners are finally acting as a leveraged play on gold after a long period of underperformance, and Skousen is stressing mining companies over gold itself because they can expand production, control costs, and improve margins while gold may struggle after its big move.

Economist Called 1987 Crash, Issues Dire Warning For 'Danger Zone' | Mark Skousen

Summary

Ideas

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